The old expression penny wise, pound foolish is not recognised as an economic principle. The fact is that looking after small sums and being careful with everyday expenses can help us build up a bigger stock of pounds, to invest and enjoy.
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All posts by Marco Barcellona
What next for the high street?
Britain was contemptuously described as nation of shopkeepers by Napoleon.
Shops up and down the country are closing, and high streets that were bustling a generation ago are increasingly lined with boarded up stores.
How to get returns on your cash – without tying it up
The latest official figures show the Consumer Price Index (CPI) measure of inflation remained stable at 2.4% for October. The value of the pound in your pocket is not falling as fast as earlier in the year.
But what about the pound in your savings account? Is there anything you can do to stop it being whittled away by inflation?
The answer is ‘yes’.
Has Brexit been agreed?
EU leaders have formally backed Mrs May’s Brexit withdrawal proposals, but will the UK be as keen?
Theresa May’s Brexit deal was given approval in Brussels last Sunday. Leaders of the remaining 27 EU nations quickly nodded through two documents that were almost two years in the making – the Withdrawal Agreement and a Political Declaration about the future relationship between the EU and the UK.
Is the German economy running out of steam
In the UK, we have grown rather used to the idea that the German economy is the largest in Europe, and that it enjoys not just success, but sustained growth.
We have also become accustomed to the habit of thinking that the German automotive industry leads the world in quality engineering.
Both these notions have taken something of a knock just lately.